New Fintech Collaboration: Xero + Liberis

Liberis, the card based finance provider, has announced an integration with Xero, the UK's leading online accounting software, to improve small businesses’ access to capital and credit.

In a press release, Liberis says that the new integration will provide joint customers with a ‘better way to borrow’. Customers will be able to choose to advance their credit/debit card takings through Liberis’ Business Cash Advance product. They will also be able to align the details of their business finance with their Xero account, and also see their cash flow in real-time.

The collaboration is targeted at business owners feeling underserved by traditional finance providers, who are looking for a smarter way to borrow money and a more flexible way to repay the loans. Through the Xero and Liberis integration, business owners will be able to access, and instantly connect their Xero account to their application.

An advance of up to one month of the business’ card takings is available, from £2.5k - £300k, which can be used for stock, refurbishment, cash flow or any other business needs.

A spokesperson for Liberis said: “Teaming up with Xero gives us another key endorsement after our partnerships with Worldpay and Sage Pay, and our backing by the British Business Bank. This is another step to providing more access to funding by sharing knowledge to better serve SMEs across the country.”